PS3 had the multiplatform disadvantage last gen and they still did fine due to the incredible first-party titles that came out for the console in its later years. This gen, Microsoft has the multiplatform disadvantage, but that doesn't mean they also can't have incredibly first-party titles that make their console more desirable in the eyes of gamers. Whether PS4's or XO's first party titles are going to be better than the other is totally in the eyes of the gamer and can't be calculated using any kind of mathematical equation.
Microsoft definitely has their work cut out for them this time around due to mistakes in planning and PR snafu's, but it's definitely not impossible and not too late for them to have their comeback. You're right, they probably won't catch up to Sony, and I think most of the execs in the Xbox division know that, including Spencer.
But they're definitely not dead in the water. It can be a close race if they want it to be.
As far as first party goes please see point number 3.
I agree that they aren't dead in the water but the goal at this point for them is really just establishing a respectable margin of profitability not staging a miraculous comeback. That's really all I'm arguing. My post was mostly in response to your equivocations vis a vis last gen. Hopefully it clarified why such a comparison is inaccurate.
No hate intended. Just "enlightenment"
